Bitcoin has broken through 100,000 USD, and the focus is no longer on Bitcoin. We should shift our attention to Ethereum and various altcoins. As long as you buy on dips without any doubts, it’s not a problem for Bitcoin to touch 110,000 USD tonight, and Ethereum should rebound to 46,000 this week. After the market frenzy, there will be a drop in late January to clear leverage, and after some volatility, we will welcome a new surge at the end of January. In recent years, the pattern is clear: October and November are often bull markets, while February and March are usually small bull markets. Other months tend to see declines or fluctuations. To make money, the key is to seize the timing of the upward movements.
Here are a few key points to know:
1: The exchange rate of Ethereum to Bitcoin is still at a low level, and the season for altcoins is not over yet, especially in February and March; we need to keep a close watch.
2: The Federal Reserve's Musalem has stated that interest rate cuts may not happen on December 17 and 18, which is not good news for us.
3: Powell will also speak early Thursday morning, so friends doing short-term trading need to stay alert; the market may have significant movements.
4: The indicators for altcoins have already exploded. The top 100 cryptocurrencies by market capitalization are rising even faster than Bitcoin, and the altcoin season has just begun, similar to September 2022.
There is currently an opportunity of 1sol=1000sol; let’s see if everyone can seize it.
